https://cryptoinsider.com/bitcoin-mining-sees-growth-after-19-month-low/
"After over a year and a half of decreasing Bitcoin mining revenue, a new report shows a small yet significant recovery in the gross margins.
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Last month, Bitcoin mining revenues fell to their lowest intake since August 2017. The total mining income in February 2019 totalled $195 million – a mere fraction compared to the $951 million peak of December 2017, and a 10% decline from the previous month.
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“In December 2017 fees alone earned miners over $295Mn. But along with the price drop and the adoption of SegWit rising from an average of 12% in January 2018 to over 43% in February this year, revenues from fees have become an afterthought.”
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The gross margins of the miners went down from 94% at the beginning of 2018, to 32% at the beginning of 2019. But in February, the gross margins rose up slightly to 39% as shown in the graph below.
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While there is a positive turn in the mining industry, we cannot make wild assumptions about the implications it may have on the market in the near future. The information here is not sufficient to conclude that an indication for a nearing bull market or an improvement of price stability.
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Another important point to note is that in May 2020, Bitcoin is going to be halving – namely, the bitcoin mining rewards will be algorithmically reduced by 50%. This means that the rewards per newly discovered block will drop from 12.5 to 6.25. Mining will be significantly less profitable if the Bitcoin price will not grow by then."
